LiveAuctioneers Raises $47.6 M. in Venture Capital

LiveAuctioneers, the auction start-up founded in 2002 and the dominant online platform for all non-Christie’s -Sotheby’s and -Heritage auctions, has raised $47.6 million, the company announced today.

The lead investor was Bessemer Venture Partners, which has a number of successes under its belt (among them LinkedIn, Skype and Yelp), and whose partner Brian Feinstein will join LiveAuctioneer’s board.

“After a decade of building LiveAuctioneers without any outside investment, we’re excited to partner with Bessemer and leverage the firm’s expertise, capital, access to talent, and experience building market-defining Internet businesses to drive our next decade of growth,” said co-founder and Chairman, Julian Ellison in the release.